Tag: “Negative

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging […]

Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies

Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others […]

Normalizing Negative Interest: It’s Flabbergasting How Closely Media Parrots the Government

Normalizing Negative Interest: It’s Flabbergasting How Closely Media Parrots the Government Negative interest rates have been making big headlines lately, as several countries and big banks are now experimenting with the unorthodox monetary policy. While typically viewed as a last-ditch effort to shock some life back into struggling economies, these […]

South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto The chairman of Korea’s Financial Services Commission has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain Cointelegraph.com News

“Negative Interest” Is the Latest Government Scheme to Deter Saving

“Negative Interest” Is the Latest Government Scheme to Deter Saving Sweden’s central bank is discussing introducing a controversial new measure that will further deter its citizens from saving. The oxymoronic “negative interest” on tax accounts is technically designed to stimulate the economy. In reality, all it will do is encourage […]